April 2018 -Dallas, Texas
According to publicly available records James (Jim) Williard Clark , a stockbroker who currently is employed by Worth Financial Group, disclose 4 prior regulatory issues, and 2 arbitration awards in favor of customers and a recently settled customer arbitration.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 4/2018 a customer of Worth Financial Group alleged that Clark made an unsuitable investment recommendation to invest in income streams from veterans pensions. That case was settled for $180,000.
In 2013 a customer of Worth Financial was awarded $30,435 to resolve allegations that Clark caused losses due to the account as a result of over concentration of the customer’s account in life settlement policies.
James W. Clark has been employed by Worth Financial Group since 2001.
Brokers have a duty to make recommendations that are suitable, taking into account the age, risk tolerance, health and level of financial sophistication of the customer.
If you have losses in an account handled by James W. “Jim” Clark, contact us for a no charge consultation to discuss your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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